JL Technical Analysis - J-LONG GROUP LTD-A

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to JL. In the last year, JL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

Warning: JL has an average volume of 14638 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

Looking at the yearly performance, JL did better than 86% of all other stocks.

JL is one of the better performing stocks in the Distributors industry, it outperforms 90% of 22 stocks in the same industry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

JL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JL is lagging the market.

In the last month JL has a been trading in the 5.45 - 6.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

J-LONG GROUP LTD-A / JL Weekly stock chart

J-LONG GROUP LTD-A / JL Daily stock chart

Setup Rating and Analysis

Although JL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.45

6.77

We found 4 important support areas.

A support zone ranging from 5.88 to 5.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.72 from a horizontal line in the weekly time frame.
Support @5.53 from a trend line in the daily time frame.
Support @3.48 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 6.69 to 6.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for JL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for JL is up.
ChartMill Relative Strength	86.24	POSITIVE	JL has a high relative strength, it outperformed 86.24% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of JL is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.65	NEUTRAL	The RSI value for JL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests JL has a positive trend.
Stochastics (14,3)	69.45	NEUTRAL	The Stochastics value for JL is a neutral value.
Average True Range in percent/ATR (20)	4.3	MEDIUM VOLATILITY	The ATR as a percentage value for JL suggests some volalility.
Average Directional Index/ADX (14)	29.24	POSITIVE	The high ADX value value for JL suggests a strong trend.